Weekly Market Update

Mortgage rates edged upward last week, driven by several headline-making events. Moody’s recent U.S. debt downgrade served as a reminder of the importance of sustainable fiscal planning, coinciding with a new House budget bill designed to address long-term economic goals. While the bill sparked discussion in bond markets, it faces important Senate review—creating opportunities for refinement and future stability.

In trade news, former President Trump’s proposed 50% tariff on EU goods signals a strong focus on strengthening American industries and boosting domestic production. While markets are adjusting to this bold stance, it also opens the door to new economic possibilities.

Looking ahead, this holiday-shortened week brings a fresh round of important economic data. Consumer Confidence is expected to rise slightly, pointing to continued resilience among U.S. households. Most importantly, Friday’s PCE inflation report could show meaningful progress in curbing inflation—potentially paving the way for more favorable mortgage rates in the near future.

If you, or anyone you know, is interested in obtaining mortgage financing, reach out to my team today at 541-815-6596. We’re here to help you make the most of today’s evolving market with expert guidance and personalized solutions.